Deloitte today announced the release of two new modules for CDO Suite — an asset administration, compliance and reporting system for a variety of portfolio structures, including hedge funds and collateralized debt obligations — that will enable market participants to become either providers or consumers of syndicated loan data.
“Many of our current administrator clients have vast amounts of loan data, and cover virtually all active facilities in the syndicated loan market,” said Hillel Caplan, a partner with Deloitte & Touche LLP and the leader of its CDO Suite practice. “Our intent is to give them the ability to make this data more available to appropriate market participants.”
The two new modules that are now available are:
• A “Data Provider Module,” which can be used by administrators to capture syndicated loan activity that is recorded in the administrator’s installation of CDO Suite and to automatically produce a customized Extensible Markup Language (XML) file for each of the administrator’s clients that chooses to license data from the administrator. The module can be used to track which facilities each subscriber owns an interest in and signs up to receive data for.
• A “Data Subscriber Module,” which can be used by buy-side firms and other syndicated loan investors to automatically import the XML data files from the administrator into the subscriber’s installation of CDO Suite.
“Given how many administrators use CDO Suite, we are hopeful that our initiative will lead to an increase in the number of administrators that decide to become data providers to the marketplace,” said Caplan.
CDO Suite includes detailed tracking capabilities for portfolios/funds that invest in a variety of asset classes including asset-backed securities, bonds, credit default swaps and syndicated loans, and can be used to perform scenario analysis around hypothetical trades and changes in collateral characteristics. It also offers functionality for administrative agents and business development companies and other loan originators.